Brokerages Set Teradata Corporation (NYSE:TDC) Price Target at $26.86

Key Points

• Teradata Corporation (NYSE:TDC) holds a consensus recommendation of “Hold” from analysts, with one sell rating, five holds, and three buy ratings.
• The average 12-month price target for Teradata is $26.86, reflecting a decrease from several brokerages, including Guggenheim and Barclays.
• Teradata reported a net margin of 6.57% for the last quarter, with revenues down 6.4% year-over-year, despite exceeding earnings estimates by $0.06.

Teradata Corporation (NYSE:TDC - Get Free Report) has received an average recommendation of "Hold" from the nine research firms that are covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating on the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $26.8571.

A number of brokerages recently issued reports on TDC. Wall Street Zen raised Teradata from a "hold" rating to a "buy" rating in a research report on Saturday, June 14th. Northland Capmk downgraded Teradata from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, May 7th. Barclays cut their price objective on Teradata from $25.00 to $22.00 and set an "underweight" rating for the company in a research report on Monday, April 21st. Guggenheim cut their price objective on Teradata from $37.00 to $35.00 and set a "buy" rating for the company in a research report on Wednesday, May 7th. Finally, Northland Securities downgraded Teradata from an "outperform" rating to a "market perform" rating and set a $21.00 price objective for the company. in a research report on Wednesday, May 7th.

Hedge Funds Weigh In On Teradata

Several institutional investors have recently bought and sold shares of the company. LSV Asset Management grew its position in shares of Teradata by 95.6% during the first quarter. LSV Asset Management now owns 1,588,999 shares of the technology company's stock worth $35,721,000 after buying an additional 776,799 shares in the last quarter. SG Americas Securities LLC grew its position in shares of Teradata by 1,220.2% during the first quarter. SG Americas Securities LLC now owns 45,019 shares of the technology company's stock worth $1,012,000 after buying an additional 41,609 shares in the last quarter. Penserra Capital Management LLC grew its position in shares of Teradata by 41.0% during the first quarter. Penserra Capital Management LLC now owns 502,048 shares of the technology company's stock worth $11,286,000 after buying an additional 146,030 shares in the last quarter. Tidal Investments LLC acquired a new position in shares of Teradata during the fourth quarter worth about $631,000. Finally, Wedge Capital Management L L P NC grew its position in shares of Teradata by 29.3% during the first quarter. Wedge Capital Management L L P NC now owns 74,831 shares of the technology company's stock worth $1,682,000 after buying an additional 16,959 shares in the last quarter. 90.31% of the stock is owned by institutional investors and hedge funds.

Teradata Price Performance

TDC stock traded down $0.05 during midday trading on Friday, reaching $21.12. The stock had a trading volume of 985,677 shares, compared to its average volume of 1,112,493. The company's fifty day simple moving average is $21.79 and its 200 day simple moving average is $22.74. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 2.78. The company has a market cap of $2.00 billion, a price-to-earnings ratio of 18.69, a price-to-earnings-growth ratio of 5.02 and a beta of 0.83. Teradata has a 52-week low of $18.43 and a 52-week high of $33.69.

Teradata (NYSE:TDC - Get Free Report) last posted its quarterly earnings results on Tuesday, August 5th. The technology company reported $0.47 EPS for the quarter, topping the consensus estimate of $0.41 by $0.06. Teradata had a return on equity of 96.29% and a net margin of 6.57%. The business had revenue of $408.00 million for the quarter, compared to analyst estimates of $399.73 million. During the same quarter in the previous year, the firm earned $0.64 EPS. The company's quarterly revenue was down 6.4% compared to the same quarter last year. As a group, sell-side analysts predict that Teradata will post 1.31 earnings per share for the current fiscal year.

Teradata Company Profile

Teradata Corporation, together with its subsidiaries, provides a connected multi-cloud data platform for enterprise analytics. The company offers Teradata Vantage, an open and connected platform designed to leverage data across an enterprise. Its business consulting services include support services for organizations to establish a data and analytic vision, enable a multi-cloud ecosystem architecture, and identify and operationalize analytical opportunities, as well as to ensure the analytical infrastructure delivers value.